Dubai will offer 25% of actions taxi businesses within planned IPO

Dubai plans to offer 25% of actions of the businesses to a taxi by means of primary public placement (IPO), Dubai Taxi Company is told in the statement of companies. IPO will be carried out within wider program of privatization of the state assets. Dubai Taxi Company largest on a share of the market the operator of a taxi in the city-state of the Persian Gulf, will offer 624,8 million actions which, as expected, will be placed in financial market Dubai in December. It is possible to submit the application for participation in IPO from November 21 to November 28 for retail investors to United Arab Emirates and since November 29 for other investors, it is specified in...